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Eye of Riyadh
Business & Money | Saturday 30 September, 2023 12:48 am |
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Italian Riviera-Inspired Dh250 Million ‘Samana Portofino’ Project Launched in Dubai Production City

Samana Developers, one of the fastest growing real estate companies according to Dubai Land Department data of Dubai developers, today launched a Dh250 million ‘Samana Portofino’ residential project in Dubai Production City, a popular freehold community alongside Sheikh Mohammed Bin Zayed Highway and in close proximity to Dubai Sports City, Dubai Cricket Stadium, City Centre Me’aisem, Jumeirah Village Circle, and Jumeriah Village Triangle.

 

Samana Portofino is the 9th project launch out of 12 projects planned for 2023. 

 

The B+G+11-Storey Samana Portofino spans over 2,59,501 sqft with 226 apartments. The project epitomizes comune-style Italian architecture which is a blend of water features, a town lifestyle, luxurious living and private pools in apartments. Samana Developers boats on being the pioneer of the private pool concept in residential projects in Dubai. 

 

‘Portofino’ is the developer’s first project in Dubai Production City to have all units with built-in private pools. Dubai Production City formerly known as The International Media Production Zone (Impz), master developed by Tecom Group, is a mix of residential freehold and commercial freezone areas. The residential freehold offers 100% foreign ownership.

 

Mr. Imran Farooq, Chief Executive Officer of Samana Developers, said: “Samana Developers is moving forward with the right speed of developments and in the right areas across Dubai. I thank our investors for their trust in Samana projects which yield better returns for them as compared to current market rates. That is one reason that our projects sell quickly and we move on to the new launch.”

 

Samana Portofino is the first project in Dubai Production City by Samana Developers. Beside Italian Riviera-inspired architecture, the project includes private pools, a common pool, a kids’ pool, a large leisure pool deck, a basketball court, a water skate, a barbeque area, a jogging track, a sports court, outdoor leisure sitting lounge, an indoor and outdoor gym, a dedicated area for table-tennis sport. 

 

Payment Plan - 8 Years

 

The apartment prices at Samana Portofino start from Dh669,000 (USD182,144). It is a total of eight years of payment plan with 1% every month. This much of flexibility of payments makes it easier for buyers, especially for those who are looking to move from a rented apartment to owning a home in Dubai. The project is scheduled for handover in March 2026. 

 

“In return of this trust, Samana is committed to cement it with new offerings such as helping investors to sublet apartments to tourists and visitors to Dubai, which adds more returns on their investments. For this, we launched Samana Holidays to help units convert to holiday homes. In addition, Samana property assets guarantee competitive 24% returns,”, concluded Imran Farooq, CEO of Samana Developers.

 

 End

 

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